Litecoin (LTC) Closes Last Hour Down $-0.37; Moves Down For the 2nd Straight Day

The Hourly View for LTC

Last Updated April 30, 2021, 05:016 GMT

At the moment, Litecoin’s price is down $-0.37 (-0.14%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin Daily Price Recap

Litecoin came into today down 1.27% ($3.28) from the open of yesterday, marking the 2nd straight day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 15.34% from the day before — and down 64.83% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 5th since yesterday in terms of percentage price change. Below is a daily price chart of Litecoin.

Litecoin Technical Analysis

Notably, the current price of Litecoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Litecoin’s price has gone down 16 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From LitecoinForever:

    #Litecoin News This Week
    ✅ Litecoin’s founder featured on CNBC
    ✅ Rare Tom Brady card was purchased using Litecoin
    ✅ Tyler Winklevoss sends first tweet about Litecoin
    ✅ /r/litecoin hit 300k subscribers
    ✅ New ETC on Litecoin is available to trade in Germany
    $LTC 💎🙌

  • From smallcappick:

    Giving Away $5K $LTC to one random winner every 5K followers Simply Follow me
    Retweet & Comment to win #LITECOIN #LTCUSDT #LTCUSD
    First winner will be announced once I hit 30K followers Remember 2 follow so i can DM winner GL

  • From LitecoinForever:

    Litecoin has created over 2,043,525 blocks without error with zero downtime since 2011. No other cryptocurrency matches Litecoin’s reliability. Litecoin is the right coin.
    $LTC 💎🙌

As for a news story related to Litecoin getting some buzz:

The Litecoin of Charlie –

Litecoin (LTC) was created by  Charles “Charlie” Lee in 2011 as an alternative to Bitcoin….Charlie Lee is a computer scientist who created Litecoin….For Lee, litecoin was an alternative and not a competitor of bitcoin….With litecoin mining, a new block is mined every 2.5 minutes – four times faster than bitcoin….In December 2017, Lee sold all his stake in LTC (litecoin).